OK, very very bullish Monday? Well, we’ve had 4 red Mondays in a row and I believe now it’s the time for Monday to constantly underperform (hope you still remember what I said about Monday which has a tendency to either constantly outperform or underperform for certain period of time), so I won’t be surprised to see the 5th consecutive down Monday the next week.
The bottom line, officially to me, the trend is up, but the index daily chart doesn’t look good, unless we’re going to see the July last year again that nothing looked bearish ever worked, then we should see some weakness the next week especially according to the Stock Trader’s Almanac, Dow down 10 in a row and 17 of last 19. Enjoy your weekend!
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